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Philippines: UN seeks debt relief to support typhoon recovery

Philippines: UN seeks debt relief to support typhoon recovery

Apr 08, 2014, at 06:33 pm

New York, Apr 8 (IBNS): Voicing concern that the Philippines' post-typhoon reconstruction and recovery efforts could be undermined by its heavy debt load, a United Nations independent human rights expert on Monday issued a strong call on international creditors to cancel the country's debt and to provide unrestricted grant aid instead of new loans.